According to the report released by Zhu Jimin who is the incumbent president of CISA and Shougang Group, CISA will issue its own iron ore price index in the second half of this year, which is calculated on the basis of the home-made iron ore price index and imported iron ore price index.
At present, the iron ore pricing for iron ore producers as well as steelmakers are largely based on the indexes compiled by Platts, which has been questioned by CISA for a long time for its usage of taking the spot iron ore prices in just several regions to represent and guide the global iron ore prices.